econ-ark / DemARK

Demonstrations of how to use material in the Econ-ARK
https://econ-ark.github.io/DemARK/
Apache License 2.0
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Clarify normalization in Keynes Friedman Modigliani #165

Closed Mv77 closed 3 years ago

Mv77 commented 3 years ago

Part of the Keynes-Friedman-Modigliani notebook use HARK tools, which use the permanent income normalization. It became clear chatting with the students that a little extra clarification on the fact that we were using this normalization would help. This PR adds a brief note to make that clearer.